Host Argues Web3 and Tokenized Real-World Assets Will Reshape the Economy, and Early Adopters Stand to Gain Most

The host opens by saying that today's video is about Web3, and his stated reason is that the new global and digital economy is already being established on it. He says that going forward the economy will operate on Web3, which he describes as the third iteration of the internet, also called Internet 3.0.

He presents this as already underway rather than as a distant forecast, although the claim itself is his own view.

The host explains that Web 1.0, the first iteration, was a read-only and less interactive version. Users could mainly go online to acquire information, and while they could download, he says the speeds were terrible, so what they could do was vastly limited.

He says Web 2.0, the version currently in use and being phased out, lets users read and write. People can edit, like and share, which he calls a very big jump from 1.0.

In his telling, the change from Web2 to Web3 will be a substantial change, bigger than the change from 1.0 to 2.0, and he says viewers should understand this.

The host says that whenever one hears of Internet 3.0, one should think of decentralization. He defines it as being owned by the people, with ownership distributed among them. Centralization, by contrast, means private entities own the system.

He gives Google, Yahoo, Facebook and YouTube as examples of the current Web2 companies. According to him, these companies usually own users' data and information on private servers.

In Web3, he says, that data and information will be held on the blockchain, and users will have the ability to own it. He argues that under Web2 private entities had more control, able to influence narratives or dictate terms of use, while Web3 will put more power in the hands of the people.

The host says Internet 3.0 will have community governance, which he explains is basically a DAO, or decentralized autonomous organization. In this model, people who hold a substantial amount of a particular coin can vote on what happens to that coin.

He acknowledges that the DAO system will need to be improved, because power must be redistributed better going forward. In some projects, only those holding a substantial amount of coins can vote, while in others power is more evenly distributed. He says this is what should be seen going forward, a fairer community governance system.

In his opinion, this is a much better governance mechanism than a few private companies owning a lot of people's data and information. He also summarizes the progression: Internet 1.0 only allowed reading, Internet 2.0 allows reading, writing and editing, and the biggest distinction of Internet 3.0 is the ability to own.

The host says that with Internet 3.0 the biggest distinction is ownership, and that people will be able to own basically everything. He points to real-world assets, abbreviated RWA, and describes real-world asset tokenization as everything in the real world being tokenized and placed on the blockchain.

He gives examples of what could be owned: shares of companies or businesses, and even portions of government buildings. He offers a hypothetical in which a buyer purchases something like 3% of KFC or Dunkin' Donuts. Because the assets would be tokenized, he says they would be tradeable on the blockchain and could be stored in a cold storage wallet.

He extends the idea to farm animals and the farm itself, resources such as water, and commodities such as gold and silver. In his words, everything will be tokenized and people will be able to own it on the blockchain.

The host says that in this third iteration, people will be able to own basically everything in the real world on the blockchain, including their identity. He explains that the blockchain is an open ledger, which provides proof of ownership.

He says this proof will be stored on the blockchain forever, and that no one can cheat or steal the assets from the owner. He notes one exception: someone could find the owner and force them to send those assets to another wallet.

The host says owners will be the sole owner and custodian of their tokenized real-world assets, which are stored in their wallets. He then says it is important to know that this tokenization is currently underway and that everything is being tokenized.

As evidence, he says Wall Street has already tokenized a great deal, including billions of dollars of stocks, and that it will eventually tokenize all of its assets. He also cites buildings, using the Burj Khalifa as an example where future buyers could purchase percentages of ownership. He adds that art is being tokenized in the form of NFTs, or non-fungible tokens, and that houses, cars and other physical things are being tokenized as well.

Here the host is presenting these examples as the current state of tokenization; the source itself does not provide further detail on the specific transactions or their scale.

The host says the foundation of the new internet will be dApps, or decentralized applications. With these, users could use decentralized financing, lend or borrow, and make various exchanges of tokenized assets.

He argues that government remittance programs and similar establishments will phase out and become obsolete, because users will no longer need a middleman. He says the same applies to banks: if people have cold storage wallets, they will not necessarily need a bank and can become their own custodian and bank.

He contrasts bank lending, in which the bank lends out deposited money and gives little to nothing in return, with DeFi through these apps, which he claims can produce a much greater ROI or APR on one's capital, to the point that the two cannot even be compared.

For remittance, he names MoneyGram and Western Union as the middlemen that would become unnecessary. He claims that through dApps money can be sent and arrive instantaneously with little to no fees, as a peer-to-peer transaction on the blockchain. He concludes that this change will fundamentally alter how people interact and transact with each other.

The host turns to recent news about Web3. He says a South Korean payment card company has partnered with the XDC Network to create a Japanese yen-backed stablecoin, which will be used as payment on Web3.

The host reiterates his earlier point that cryptocurrencies will be used as fees on Web3. He describes them as the gas, the fuel that will power the network, and says he foresees this happening as the ecosystem develops. He frames the fee role as a central function rather than a side use, linking it directly to how transactions and services on Web3 will be paid for. The discussion stays on this single claim about fees and fuel, and he presents it as an expectation about where the technology is heading rather than something already established.

The host compares the current change to the switch from the industrial age to the information age, which he says happened just over a decade or two ago. In his view, only people who acquired knowledge of Web3 beforehand, started using it, acquired cold storage wallets, began accumulating, learned how to use dApps and learned about tokenization will be the forerunners and take the most advantage of this massive switch.

He adds that, as he has said many times, only very few people are wise enough to do this in time.

The host says the entire world is being tokenized, including commodities, resources such as water and oil, and even gaming. He says only those at the forefront, who have started accumulating and gaining knowledge about this, will make the most of the change.

He draws a parallel to the rise of Yahoo, Google and Facebook during the earlier internet shift, and argues that the same thing is happening now. He predicts that people who get in now will become the new multi-billionaires, trillionaires and even quadrillionaires.

He claims that this level of tokenization will bring quadrillions of dollars into Web3 and the cryptocurrency markets. These are his predictions, and the video itself does not present evidence for them. He closes by saying the information will be valuable to viewers who want to position themselves as best they can.